CrowdStrike Stock Drops 3.52% Despite BTIG Upgrade to Buy Rating 50th in Trading Volume

On March 26, 2025, CrowdStrike Holdings (CRWD) experienced a significant decline, with its stock price dropping by 3.52%. The trading volume reached 12.25 billion, placing it at the 50th position in the day's market activity.

BTIG, a prominent financial services firm, upgraded CrowdStrike Holdings to a "Buy" rating from "Neutral" on March 25, 2025. This upgrade was based on the firm's improved forecast visibility and the belief that a key financial metric would rebound from a global IT outage that occurred in 2024. The upgrade also included a price target of $431, reflecting BTIG's confidence in the company's future performance.

BTIG's upgrade was driven by the view that the July 19, 2024 IT outage, which had previously impacted CrowdStrike's stock performance, was now in the "rearview mirror." This perspective suggested that the company had successfully navigated the challenges posed by the outage and was poised for growth.